Users of "Hong Kong Property" are determined to "rent to buy," spending HKD 6.4 million to purchase a two-bedroom unit at Belgravia Place in Sham Shui Po

Zhang Guofeng, co-director of the Belgravia Place branch of Li Ka Ge Real Estate in West Kowloon, stated that the firm's client manager, Deng Junwen, recently facilitated the second-hand transaction of Unit 10 on a high floor of Block 1B in Sham Shui Po, with a usable area of approximately 336 square feet, featuring a 2-bedroom layout with an open kitchen, facing southwest with a sea view.

Zhang mentioned that the new buyer is a first-time homebuyer who, seeing the continuous rise in rental prices, was concerned that waiting to buy would be more expensive and decided to switch from renting to buying. Earlier, they contacted an agent through Li Ka Ge's genuine property source platform, inspected multiple districts, and were attracted to the aforementioned estate, which has just been completed and features a large clubhouse, is conveniently located near a MTR station, and has a practical unit layout at an affordable price, leading to the purchase. The owner initially asked for HKD 6.5 million, but after negotiation, the transaction was made at a reasonable price of HKD 6.4 million, equivalent to a price per usable square foot of approximately HKD 19,048.

It is reported that the owner purchased the property in 2024 for about HKD 5.829 million and has held it until now for resale, currently realizing a profit of over HKD 570,000